Russian Tycoons Said to Be Near Deal on Norilsk

By

Alexander Kolyandr

Updated Nov. 26, 2012 3:24 p.m. ET

MOSCOW—Two Russian billionaires are close to a deal to resolve a four-year conflict over control of the world's largest nickel and palladium producer, which could see dividends boosted and one of the tycoons take over as chief executive, people familiar with the matter said Monday.

A third billionaire, Roman Abramovich, might emerge as peacemaker in the talks between the two main shareholders in Norilsk Nickel, Oleg Deripaska and...